Global Polyglycolic Acid Market, 2014-2024

Global Polyglycolic Acid Market, 2014-2024

Polyglycolic acid (C2H2O2)n is thermoplastic aliphatic polymer, and biodegradable polymer. The Polyglycolic acid is a semi-crystalline, biodegradable hydrophobic polymer with good mechanical strengths. It can be prepared starting from glycolic acid by means of polycondensation or ring-opening polymerization. Polyglycolide and its copolymers are widely used as a material for the synthesis of absorbable sutures and are being evaluated in the biomedical field. The solubility of this polyester is somewhat unusual, in that its high molecular weight form is insoluble in almost all common organic solvents (acetone, dichloromethane, chloroform, ethyl acetate, tetrahydrofuran), while low molecular weight oligomers sufficiently differ in their physical properties to be more soluble.However, polyglycolide is soluble in highly fluorinated solvents like hexafluoroisopropanol (HFIP) and hexafluoroacetone sesquihydrate, that can be used to prepare solutions of the high MW polymer for melt spinning and film preparation. Fibers of PGA exhibit high strength and modulus and are particularly stiff.

Polyglycolic acid has a range of applications in medical sector including, absorbable sutures, biodegradable bone graft polymers, in regeneration of organs, dental surgeries, scaffolds in cell culture & transplantation and in drug delivery vehicles. The fibrous PGA have been used as monofilament, braided form or in mesh structure, Polyglycolic acid Film form has been gaining popularity in packaging industry as a coating material for PET bottles.

The global polyglycolic acid research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global polyglycolic acid market is growing at a fast pace and increasing its geographical footprint rapidly. The global polyglycolic acid market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to rise consumption in medical and others end user industry. The major growth driver for polyglycolic acid market are the rising application of absorbable sutures and positive outlook for bioplastics.

The lack of awareness and high cost of production are the major impediments to the expansion of global polyglycolic acid market.

Polyglycolic acid enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and South America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of polyglycolic acid market globally. The companies that lead global market are Kureha Corporation, Corbion N.V., Teleflex Inc., Shenzhen Polymtek Biomaterial Co. Ltd., BASF SE, SK Chemicals, Demetech Sutures, and Toray Industries.

Research Methodology

The research process includes the market segmentation of the global polyglycolic acid market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global polyglycolic acid market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

Insights on the global polyglycolic acid industry dynamics
Estimation of the present global polyglycolic acid market size in terms of value and volume
Global polyglycolic acid market breakup based on by type and application
Verified global polyglycolic acid market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global polyglycolic acid industry value chain.